Too many companies got awards in the last... 15 years,but they all went bankrupt because they couldn't compete with all the other major car auto manufacturers.Nio is still over bought,so there's alot of downward selling pressure.Let's say $2.00 was the bottom.At $4.00 that's a 100% gain.If I were to buy it would be no more than at $3.00...but the low was $1.50.
Anyways,they haven't secured the 150 million yet and that's still not enough money.Nio needs alot more.
I like Nio,no doubt,but this needs to fall more before people start really buying again.It went up too much in the last 2 weeks.
Just like CGC..now that's taking a dive,but it didn't go up 200%.
And I was waiting saying I WILL BE PATIENT TO BUY BACK AT A LOWER PRICE....And like a fool I did the exact opposite of what I planned.
I was originally in at $20.50..sold at $$22.75...then CGC goes to $25.50 and waited and I bought back at $23.75 on Friday.
So I paid 1,000 more for my shares and now it's below where I sold it last at $22.75 but lower.
That's what happens when you go out of your trading strategy and chase the price of any stock.
I guess it's not that bad,but watch CGC go down alot more.
I hate being impatient in the market it makes you nearly go insain.
I guess paying 1,000 more for the same amount of shares isn't too bad...but you've no idea last year.
Traded 9 million worth of shares in 2019...
19k gains on CGC...
Gains and losses on a bunch others...only to get up with a 3k-4k loss.
Because I keep buying back other garbage stocks that I already have gains on and then I buy them back and my gains get wiped out and it turns into big losses.
Luckily my 50k I was playing with only ended up with about 47-48k.
But I traded thousands of times.
Right when I was even last week...now down again.
When really last year I had 30-40k in gains.
So over it!
I had Uber just at 27 and let it go at 28 bucks.
Now,of course it's at 37.
When you're confident STICK TO IT!
